What investment strategy does Blue Cap AG focus on?

Blue Cap AG focuses on Buyout, Growth strategies in the private equity space.

How many portfolio companies does Blue Cap AG have?

Blue Cap AG has 6 active portfolio companies and 12 completed exits and 1 fund tracked on GP Intel.

Where is Blue Cap AG headquartered?

Blue Cap AG is headquartered in Munich, Germany.

What is Blue Cap AG's assets under management?

Blue Cap AG manages approximately €125M in assets under management.

When was Blue Cap AG founded?

Blue Cap AG was founded in 2006.

What sectors does Blue Cap AG invest in?

Blue Cap AG invests across Industrials, Business Services, Healthcare.

What are Blue Cap AG's recent exits?

Recent realized exits by Blue Cap AG include: con-pearl GmbH (2025) to Inteplast Group, 15.0x; Neschen Coating GmbH (2024) to ATP adhesive systems AG; nokra (2024) to Vishay Precision Group; Uniplast Knauer (2023) to Andreas Doster and Sascha Sander; Gaemmerler (2022) to Merten Gruppe; Carl Schaefer Gold- und Silberscheideanstalt (2021) to Bauer-Walser AG; em-tec GmbH (2020) to Dover Corporation; SMB-David (2020) to Robert Bürkle GmbH.

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Blue Cap AG

Munich, Germany·Founded 2006·

Buyout Growth Equity

·blue-cap.de

Blue Cap AG is a Munich-based, Frankfurt-listed evergreen investment holding founded in 2006 by Dr. Hannspeter Schubert that acquires and operationally develops majority stakes in German B2B small and mid-cap companies in special situations, holding them on its own balance sheet with no fixed exit horizon.

AUM

€125M

Funds

vintages 2006

Portfolio

Exits

Blue Cap AG is a Munich buyout firm with €125M AUM, 6 active companies and 12 exits.

SectorsIndustrials Business Services Healthcare

Key takeaways

·6 exits in the last 5 years · consistent DPI cadence.
·Average hold across 12 realized deals: 7 years.
·Best return: 15.0x MOIC on con-pearl GmbH (2025).
·Top sector focus: Industrials (72% of portfolio).

Sector breakdown

18 companies

Industrials

13 · 72%

MedTech

3 · 17%

Business Services

2 · 11%

Key facts

HQMunich, Germany

Founded2006

Employees30+

Websiteblue-cap.de

Recent exits

Blue Cap AG sold con-pearl GmbH to Inteplast Group in 2025 after 6 years.

15.0x

Blue Cap AG sold Neschen Coating GmbH to ATP adhesive systems AG in 2024 after 8 years.

Blue Cap AG sold nokra to Vishay Precision Group in 2024 after 10 years.

Blue Cap AG sold Uniplast Knauer to Andreas Doster and Sascha Sander in 2023 after 5 years.

Partners

Henning von KottwitzChairman and CEO

Coverage notes

1 fund tracked, 18 portfolio companies (6 active · 12 realized). Verified weekly from public filings and deal announcements.

Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Henning von Kottwitz

Chairman and CEO

Funds & portfolio

Every fund Blue Cap AG has raised, with its portfolio companies. Hand-checked from public filings.

1 fund

Fund

Strategy

Vintage

Size

Assets

Exits

Blue Cap AG (Balance Sheet)Active

Evergreen20066 assets12 exits

Evergreen

2006 · 20yr

–

Unrealized

6 held

Company	Entry
H-E Group (Hero GmbH) Industrials · Germany	2021
Hy-Line Gruppe Business Services · Germany	2021
Inheco MedTech · Germany	2006
Janoschka Industrials · Germany	2026
Planatol GmbH Industrials · Germany	2009
Transline Group Business Services · Germany	2022

Realized

12 exits

Company	Entry	Exit	Type	Buyer	MOIC
Biolink Industrials · Germany	2009	2017	Trade Sale	Saint-Gobain	–
Carl Schaefer Gold- und Silberscheideanstalt Industrials · Germany	2016	2021	Trade Sale	Bauer-Walser AG	–
con-pearl GmbH Industrials · Germany	2019	2025	Trade Sale	Inteplast Group	15.0x
em-tec GmbH MedTech · Germany	2014	2020	Trade Sale	Dover Corporation	–
Gaemmerler Industrials · Germany	2011	2022	Trade Sale	Merten Gruppe	–
H. Schreiner Industrials · Germany	2007	2013	MBO	Management of H. Schreiner Verwaltungs GmbH	–
maxxtec AG Industrials · Germany	2007	2011	Secondary	alpha4concepts	–
Neschen Coating GmbH Industrials · Germany	2016	2024	Trade Sale	ATP adhesive systems AG	–
nokra Industrials · Germany	2014	2024	Trade Sale	Vishay Precision Group	–
SMB-David Industrials · Germany	2006	2020	Trade Sale	Robert Bürkle GmbH	–
Uniplast Knauer Industrials · Germany	2018	2023	MBO	Andreas Doster and Sascha Sander	–
WISAP Medical Technology MedTech · Germany	2012	2018	Trade Sale	Aohua	–

Frequently asked questions

What investment strategy does Blue Cap AG focus on?: Blue Cap AG focuses on Buyout, Growth strategies in the private equity space.
How many portfolio companies does Blue Cap AG have?: Blue Cap AG has 6 active portfolio companies and 12 completed exits and 1 fund tracked on GP Intel.
Where is Blue Cap AG headquartered?: Blue Cap AG is headquartered in Munich, Germany.
What is Blue Cap AG's assets under management?: Blue Cap AG manages approximately €125M in assets under management.
When was Blue Cap AG founded?: Blue Cap AG was founded in 2006.
What sectors does Blue Cap AG invest in?: Blue Cap AG invests across Industrials, Business Services, Healthcare.
What are Blue Cap AG's recent exits?: Recent realized exits by Blue Cap AG include: con-pearl GmbH (2025) to Inteplast Group, 15.0x; Neschen Coating GmbH (2024) to ATP adhesive systems AG; nokra (2024) to Vishay Precision Group; Uniplast Knauer (2023) to Andreas Doster and Sascha Sander; Gaemmerler (2022) to Merten Gruppe; Carl Schaefer Gold- und Silberscheideanstalt (2021) to Bauer-Walser AG; em-tec GmbH (2020) to Dover Corporation; SMB-David (2020) to Robert Bürkle GmbH.